critique of Josh Sibio's post

In response to Josh’s blog post about technology improving the consumer market. I thought he did a good job explaining the article, and using the information that we learned in class in connection with the blog post. He talked about how the technology has improved the economy, this is since consumers are spending more online shipping companies such as UPS and FedEx are experiencing more business. Also it creates a buyers market and Consumers are more likely to buy on impulse while shopping online. People will have to be specialized in working with advanced technology, which will create higher paying jobs  that requires higher education.

I would totally agree with the fact that consumers  spends more compulsively because when you are shopping online it is a lot easier to convince yourself to buy something. I feel like that are because when you are shopping online the you are not holding actual money instead you have a credit card number. I don’t know how to explain it but for some reason when you are shopping online it is a lot easier to spend money.

He goes on to explain that because Internet shopping has gone up in the last 10 years the GDP has risen as well. When you buy a product online instead of in the store you pay the company for their product and the company pays a shipping company to ship the product to you. So in turn it is not just one exchange of money, it is actually two, which increases the GDP that much more. Also the article explains that with the improvement in technology, product will decrease in cost. Which will improve revenue, thus improving the economy. However he mentions that in the article it said that because of the improving technology companies are able to produce more products and sell to over seas countries, and that international trade is one of our last hopes to get us out of our national debt. I would disagree with this comment because from our notes from class and other articles it clearly takes more than one aspect of the economy to lift us out of debt. It is true that our export are extremely low compared to other countries, but international trade is not the only aspect of our economy.

         In conclusion I felt that josh did a great job with his article he conveyed the information well and used info from class to support his claims. The topic he choose was also interesting because technology is a vital part of our world today and how it affect the economy will continue to change.